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| Issue Size (Base) | ₹1000.00 Cr |
| Issue Size (Shelf) | ₹1500.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE, NSE |
| Tenor | 24, 33 and 60 months |
| Credit Rating | IND AA-/Stable |
| Series | Series I to VIII |
| Payment Frequency | Monthly and Cumulative |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 15,155.12 | 17,481.95 | 21,858.10 |
| Revenue | 2,466.07 | 2,750.13 | 3,550.79 |
| Profit After Tax | 131.40 | 353.07 | 826.06 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
The company's promoter is CreditAccess India N.V.
The following are the details of the objects of the Tranche II Issue and the amount proposed to be financed from Net Proceeds:
| # | Issue Objects |
|---|---|
| 1 | For onward lending, financing and repayment of interest and principal of existing borrowings of the Company. |
| 2 | General Corporate Purposes. |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 33 Months | 33 Months | 50 Months | 50 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9.10% | NA | 9.25% | NA | 9.40% | NA | 9.70% | NA |
| Effective Yield (% per Annum) | 9.48% | 9.48% | 9.64% | 9.64% | 9.81% | 9.81% | 10.13% | 10.13% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,198.82 | Rs 1,000.00 | Rs 1,288.12 | Rs 1,000.00 | Rs 1,477.11 | Rs 1,000.00 | Rs 1,621.19 |
The NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs 1500 Crores by India Ratings & Research Private Limited.
CreditAccess Grameen Limited was incorporated in Kolkata on June 12, 1991 as Sanni Collection Private Limited and is a leading Indian microfinance institution headquartered in Bengaluru that focuses on providing microcredit on a joint liability basis primarily to women clients in rural India. According to MFIN India, it is the largest NBFC-MFI in India in terms of gross loan portfolio.
The company offers a wide range of microloans to meet the critical needs of its clients throughout their life cycle, including income generation, healthcare, emergencies, education, festivities, home improvement, water and sanitation. The company also offers its clients solutions other than loans, such as insurance and Aadhar-backed cash withdrawals.
They offer microfinance loans mainly under the "joint liability" “model. The company also offers individual personal loans to clients who meet certain criteria, mainly related to their credit history, income, and business situation. They offer business loans (to expand an existing business, meet working capital needs, start a new business, or purchase inventory or machinery), loans for new two-wheelers, loans for home renovations, and loans for gold. They also offer larger business loans to clients who have demonstrated a high entrepreneurial capacity, in their capacity as individuals against collateral (residential or commercial real estate).
